Ex Detroit Riverfront Conservancy CFO sentenced in $40M embezzlement case

The former CFO of the Detroit Riverfront Conservancy has been sentenced for stealing millions of dollars from the nonprofit.
Former Chief Financial Officer William Smith was formally fired from the nonprofit in May 2024 amid an FBI investigation. More than $40 million was reportedly embezzled and spent on airline tickets, hotels, limos, clothing, jewelry, luxury goods and more.

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